- The FDA has notified via verbal communication regarding a clinical hold on Arbutus Biopharma Corporation's ABUS AB-101 Investigational New Drug (IND) application.
- AB-101 is a novel, oral PD-L1 inhibitor designed to reawaken and boost the immune system of patients with chronic hepatitis B virus (cHBV).
- Also Read: US Court Favors Moderna In COVID-19 Vaccine Patent Infringement Case With Arbutus Biopharma.
- The FDA indicated they will provide an official Clinical Hold letter to Arbutus within 30 days.
- Based on this communication, the company no longer intends to report initial data from the single-ascending dose portion of the Phase 1 clinical trial in the second half of 2023.
- Price Action: ABUS shares are down 12.8% at $2.52 during the premarket session on the last check Tuesday.
ABUSArbutus Biopharma Corp
$3.29-1.50%
Edge Rankings
Momentum
67.89
Growth
-
Quality
-
Value
4.77
Price Trend
Short
Medium
Long
© 2025 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
Benzinga simplifies the market for smarter investing
Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.
Join Now: Free!
Already a member?Sign in
